Tadawul Review:  

The Tadawul All Share Index (TASI) fell for the fourth ‎consecutive day on Thursday, dropping 11 points (-‎‎0.1%) to close at 10,867. TASI opened 10 points lower ‎than the previous close, then fluctuated throughout ‎the session and by the end closed in the red zone. ‎Overall, 17 out of 21 sectors closed in the red zone, ‎while 159 shares fell and 87 rose. Banks (-0.3%), ‎Energy (-0.7%), and Insurance (-1.0%) sectors ‎contributed the most to the index fall. Stockwise, ‎Aramco (-0.7%), Riyadh Cables Group (-2.2%), and ‎Electrical (-3.7%) were the major contributors. The ‎trading activity witnessed an increase in volume and ‎value of 47% and 24%, respectively, to reach 289mn ‎shares and SAR5.2bn in value traded.‎

 

 

Market Wrap International:

U.S. stocks ended sharply higher on Friday, as investors responded to signals from Fed ‎Chair Powell about a possible rate cut. The Dow Jones Industrial Average surged 1.9%, ‎the S&P 500 rose 1.5%, and the Nasdaq Composite gained 1.9%‎

European markets were mixed, with gains in autos, chemicals, and banks offset by ‎weakness in housing and tech, while German GDP revisions limited momentum. The ‎FTSE 100 rose 0.1%, the Euro STOXX 600 gained 0.4%, the DAX advanced 0.3%, and the ‎CAC 40 added 0.4%.‎

Asian markets diverged, powered by strength in Hong Kong and South Korea. The Hang ‎Seng Index climbed 0.9%, buoyed by technology and chip optimism, the Kospi gained ‎‎0.9%, while Japan’s Nikkei 225 rose by 0.1%.‎